The bill would amend the Transportation Code, Section 601.072, relating to minimum insurance coverage amounts to establish evidence of financial responsibility.
 
The bill would change the minimum amounts of motor vehicle liability insurance coverage required to establish financial responsibility from: 1) $20,000 to $25,000 for bodily injury to or death of one person in one accident; 2) from $40,000 to $50,000 for bodily injury to or death of two or more persons in one accident, subject to the amount provided by Subdivision (1) for bodily injury to or death of one of the persons; and 3) from $15,000 to $25,000 for damage to or destruction of property of others in one accident. 

The bill states that effective April 1, 2011, the minimum amounts of motor vehicle liability insurance coverage required to establish financial responsibility would be $30,000 for bodily injury to or death of one person in one accident; 2) $60,000 for bodily injury to or death of two or more persons in one accident, subject to the amount provided by Subdivision (1) for bodily injury to or death of one of the persons; and 3) $25,000 for damage to or destruction of property of others in one accident. 
 
The Department of Public Safety and the Department of Insurance have both determined that the cost of implementing the provisions of the bill would not be significant. It is assumed that these costs can be absorbed within each agency’s current appropriations.

The bill would take effect on September 1, 2007.